A History of the Global Stock Market: From Ancient Rome to Silicon ValleyUniversity of Chicago Press, 2004 - 344 pages The stock market is central to the global economy. Tens of millions of people look to it to provide for a comfortable retirement. Central bankers watch it closely as they set monetary policy. Businesses around the world are forced to adjust the way they operate to meet the demands of equity investors. Yet very little has been written about how the modern global stock market came to be. In A History of the Global Stock Market, B. Mark Smith weaves an entertaining tale that ranges from medieval trading companies and nineteenth-century robber barons to modern theorists and international speculators. Here, Smith debunks the popular myth that the market is inevitably subject to recurring speculative bubbles and discredits the notion that the current "globalization" of the market is something radically different from what has occurred in the past. Informative, entertaining, and written for specialists and non-specialists alike, A History of the Global Stock Market is a worthy read for anyone who wants to understand the role of the stock market in the global economy. |
Table des matières
INTRODUCTION | 3 |
1 A FINANCIAL REVOLUTION | 9 |
2 BUBBLES | 24 |
3 THE NEW WORLD | 47 |
4 THE RAILROADS AND THE MIDDLE CLASS | 66 |
5 A GLOBAL STOCK MARKET | 86 |
6 A NEW ERA | 105 |
7 CRASH | 124 |
Expressions et termes fréquents
American stock market analyst assets Bank of England bankers became behavioralist Britain British brokers bubble bull market capital markets central bank century collapse controls corporate countries crash created crisis cross-holdings currency debt decade decline developed dividend dollar early earnings economist economy efficient market efficient market theory emerging markets equity markets European financial markets forced France future George Soros German global Greenspan growth Hatry Hong Kong Ibid industrial inflation interest rates investment investors issues Japan Japanese stock market joint-stock companies keiretsu Keynes Latin American loans London Stock London Stock Exchange managers market capitalization ment million Mississippi Company modern portfolio theory nations Nomura option overseas P/E ratios percent profits railroads risk securities selling share prices shareholders sokaiya sold Soros South Sea Company speculative stock prices Taiwan theory tion trading U.S. dollar United valuations vestors Wall Street York Stock Exchange
Références à ce livre
Research in the History of Economic Thought and Methodology: A Research Annual Warren J. Samuels,Ross B. Emmett,Jeff E. Biddle Aucun aperçu disponible - 2006 |
Uncharitable: How Restraints on Nonprofits Undermine Their Potential Dan Pallotta Aucun aperçu disponible - 2008 |